Under its agreement with Nii-Jii, Argosy has also committed to provide up to $35 million of subordinated debt for the project. Argosy's financing commitment is conditioned upon the tribe obtaining the requisite regulatory approvals and raising the remaining project costs through an institutionaldebt offering.
Argosy owns and operates riverboat casinos and related entertainment venues and hotels in the Midwest and South, including the Alton Belle Casino in Alton, IL, in metro St. Louis;the Argosy Casino in Riverside, MO, in greater Kansas City; the Argosy Casino-Baton Rouge, LA; and the Belle of Sioux City, IA.
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